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Wells Fargo is Offering $400 Bonus for New Checking Accounts
Wells Fargo has a $400 signup bonus for new checking accounts. This offer is available online and probably nationwide. Let’s check the details.
The Offer
To qualify for the $400 bonus:
- Open a new Everyday Checking account online with a minimum opening deposit of $25 by July 26, 2019. All account applications are subject to approval.
- Within 150 days of your account open date, receive a cumulative monthly total of $3,000 in qualifying direct deposits to the checking account opened for this bonus offer for three consecutive months. During this time, your new account balance must be $1 or more.
Your $400 bonus will be deposited into your new Everyday Checking account within 45 days after eligibility and qualifications have been met.
Account Fees
The Wells Fargo Everyday Checking account monthly service fee is $10. It can be avoided with:
- $1,500 minimum daily balance
- $500 or more in total qualifying direct deposits
- 10 or more posted debit card purchases/payments
- A linked Wells Fargo Campus ATM or Campus Debit Card.
Key Terms
- You cannot be:
- A current owner on a Wells Fargo consumer checking account
- A Wells Fargo team member
- A recipient of a consumer checking bonus in the past 12 months (limit one bonus per customer)
- Offer possibly available nationwide. You can check with your zip code before starting the application. Let us know if anyone gets an “ineligible” message.
Conclusion
This is one of the largest public bonuses we have seen from Wells Fargo, and it’s probably available for all. It does have a large direct deposit requirement of $3,000 that needs to be completed for three consecutive months.
HT: Doctor of Credit
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I am an existing Wells Fargo customer but my husband just opened up a checking account for the new customer sign up bonus. I want to help him make the deposit minimum by having my checks deposited into his account. My work will not let me deposit into his account without being an authorized user. Since I am already an existing customer, can he still get the bonus if he adds my name to his bank account?
That I am not sure. I would suspect no since you would most likely be a cosigner and thus an account holder, but you would have to ask them directly.
It give me an error, says it’s not available in my area.
I am on Work Visa here. Don’t they give accounts to visa holders ? All other bank do, i have with BOA and Chase. Got an email ” No account has been opened. If approved, your new account will be eligible to receive a bonus offer”
They dont. I just confirmed with my local branch.
Also wondering what else counts as DD here.
CO360, PNC, Santander, Ally are most likely to work probably. Robinhood as well if you have an account.
you would have to be insane to do any business with this company.
I agree! Any chance they would match this? (we just did 150+100 offer…1 month ago)
Worth a try, but I really doubt they would match it.
Really wish I didn’t go for the $200 offer a few months ago…
I’m self-employed. Which bank’s ACH transfers will count as direct deposits? I’ve heard Ally’s ACH transfers may work, but I need more opinions.
They have worked in the past. Capital One 360 has also worked for me.
Thank you.
Do you get cash bonus for the extra accounts they sign you up for? [rimshot]
Fingers crossed 🙂